ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with SEBI.
Detailed explanation-2: -In India, there are two depositories: National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL). Both the depositories hold your financial securities, like shares and bonds, in dematerialised form and facilitate trading in stock exchanges.
Detailed explanation-3: -Central Depositories Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) are both government registered share depositories in India. Share depositories hold shares in an electronic form.
Detailed explanation-4: -Depository institutions SEBI (Depository and Participants) Regulation Act provides for the formation of depository institution under the Companies Act. The depository institutions will be owned by the market participants. The minimum net worth of the depository should be Rs. 100 crores.